HoldYourSHIB

#HoldYourSHIB

Hello investors.
Today I will explain the tactic of destroying coffee to control prices in the face of a crisis.

The New York stock market crash of 1929, also known as "Dark Thursday", was a pivotal event in world economic history. It marked the beginning of the Great Depression, one of the worst economic crises in history. The crash occurred on October 24, 1929, when stock prices on the New York Stock Exchange plummeted dramatically, triggering widespread panic among investors.

Several factors contributed to the stock market crash, including excessive speculation, high credit margins, industrial and agricultural overproduction, economic inequality, and inadequate monetary policies. The stock market crash had devastating effects on the global economy, leading to mass bankruptcies, a drop in industrial production, mass unemployment and a host of other negative consequences.

The coffee burning movement in Brazil, known as "The Coffee War", was a response to the crisis in the Brazilian coffee economy during the Great Depression. In 1931, Brazilian coffee farmers faced an overproduction of coffee that led to a drop in international prices. To avoid an even greater drop in prices, Brazilian coffee growers decided to burn the excess coffee and retain the rest of the production.

This strategy aimed to reduce the supply of coffee on the international market and, thus, keep prices stable.

Associating this strategy with the $SHIB coin
We can create a movement of #HoldYourSHIB and reduce the supply of currency in the market, thus increasing demand with a decrease in supply, we can create a movement of #HoldYourSHIB

Both events illustrate how economic crises can trigger extreme and often controversial actions by economic agents in an attempt to deal with the adverse consequences.

With you in this movement, we are greater!!

If you liked the content, follow me and share!!